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Buy ITC, target of 
275: Sharekhan
By SiliconIndia | Monday, 08 March 2010, 21:53 Hrs |
3 Comments
Bangalore: Sharekhan is bullish ITC and has recommended a buy rating on the stock with target of 
275. According to the brokerage house, the key things to watch for in the near term are the quantum of the increase in the VAT to be announced by states in their respective budgets and the details of the launch of the micro filter cigarettes.
ITC is an India-based company, which operates in four segments: Fast moving consumer goods (FMCG), hotels, paperboards, paper and packaging and agri business. The FMCG segment includes cigarettes, which comprise cigarettes and smoking mixtures and others, which include branded packaged foods (staples, biscuits, confectionery, snack foods and ready-to-eat foods), garments, educational and other stationery products, matches, agarbattis and personal care products.
Sharekhan says that though it expects the price increases to taper down the cigarette sales volume growth, ITC's cigarette business that has shown strong resilience to price hikes in the past has the potential to beat their as well as the street's expectations. With the recommended target price if the stock is bought at Monday's closing price of 250.50, the percentage of gain would be 9.78 percent.
275. According to the brokerage house, the key things to watch for in the near term are the quantum of the increase in the VAT to be announced by states in their respective budgets and the details of the launch of the micro filter cigarettes. ITC is an India-based company, which operates in four segments: Fast moving consumer goods (FMCG), hotels, paperboards, paper and packaging and agri business. The FMCG segment includes cigarettes, which comprise cigarettes and smoking mixtures and others, which include branded packaged foods (staples, biscuits, confectionery, snack foods and ready-to-eat foods), garments, educational and other stationery products, matches, agarbattis and personal care products.
Sharekhan says that though it expects the price increases to taper down the cigarette sales volume growth, ITC's cigarette business that has shown strong resilience to price hikes in the past has the potential to beat their as well as the street's expectations. With the recommended target price if the stock is bought at Monday's closing price of
250.50, the percentage of gain would be 9.78 percent.
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Reader's comments(3)
1:
Hey,
Nice and useful blog. It’s a fact that in India NSE and BSE are most popular and very volatile stock exchanges with many listed shares in it. Again its true no matter how volatile Share market is still investors can mint good profit.
Now the question is how one can earn money via share market trading?
Answer to this is quite simple. We all know share market have many listed stocks and it’s a fact that everyday we have top gainers and top losers in stock market. If our stock timing and stock selection is right we can earn decent profit from stock market.
So again new question is How to select and time stocks?
No matter how good trader or investor you are still one has to rely on market research. Only technical and fundamental research helps, speculation is not worth and no one can earn regular profit by speculations.
Regards
SHARETIPSINFO TEAM
Nice and useful blog. It’s a fact that in India NSE and BSE are most popular and very volatile stock exchanges with many listed shares in it. Again its true no matter how volatile Share market is still investors can mint good profit.
Now the question is how one can earn money via share market trading?
Answer to this is quite simple. We all know share market have many listed stocks and it’s a fact that everyday we have top gainers and top losers in stock market. If our stock timing and stock selection is right we can earn decent profit from stock market.
So again new question is How to select and time stocks?
No matter how good trader or investor you are still one has to rely on market research. Only technical and fundamental research helps, speculation is not worth and no one can earn regular profit by speculations.
Regards
SHARETIPSINFO TEAM
Posted by:sharetipsinfo
- 02 Jan, 2011
2:
Hey,
Nice and useful blog. It’s a fact that in India NSE and BSE are most popular and very volatile stock exchanges with many listed shares in it. Again its true no matter how volatile Share market is still investors can mint good profit.
Now the question is how one can earn money via share market trading?
Answer to this is quite simple. We all know share market have many listed stocks and it’s a fact that everyday we have top gainers and top losers in stock market. If our stock timing and stock selection is right we can earn decent profit from stock market.
So again new question is How to select and time stocks?
No matter how good trader or investor you are still one has to rely on market research. Only technical and fundamental research helps, speculation is not worth and no one can earn regular profit by speculations.
Regards
SHARETIPSINFO TEAM
Nice and useful blog. It’s a fact that in India NSE and BSE are most popular and very volatile stock exchanges with many listed shares in it. Again its true no matter how volatile Share market is still investors can mint good profit.
Now the question is how one can earn money via share market trading?
Answer to this is quite simple. We all know share market have many listed stocks and it’s a fact that everyday we have top gainers and top losers in stock market. If our stock timing and stock selection is right we can earn decent profit from stock market.
So again new question is How to select and time stocks?
No matter how good trader or investor you are still one has to rely on market research. Only technical and fundamental research helps, speculation is not worth and no one can earn regular profit by speculations.
Regards
SHARETIPSINFO TEAM
Posted by:sharetipsinfo
- 02 Jan, 2011
3:
Hey,
Nice and useful blog. It’s a fact that in India NSE and BSE are most popular and very volatile stock exchanges with many listed shares in it. Again its true no matter how volatile Share market is still investors can mint good profit.
Now the question is how one can earn money via share market trading?
Answer to this is quite simple. We all know share market have many listed stocks and it’s a fact that everyday we have top gainers and top losers in stock market. If our stock timing and stock selection is right we can earn decent profit from stock market.
So again new question is How to select and time stocks?
No matter how good trader or investor you are still one has to rely on market research. Only technical and fundamental research helps, speculation is not worth and no one can earn regular profit by speculations.
Regards
SHARETIPSINFO TEAM
Nice and useful blog. It’s a fact that in India NSE and BSE are most popular and very volatile stock exchanges with many listed shares in it. Again its true no matter how volatile Share market is still investors can mint good profit.
Now the question is how one can earn money via share market trading?
Answer to this is quite simple. We all know share market have many listed stocks and it’s a fact that everyday we have top gainers and top losers in stock market. If our stock timing and stock selection is right we can earn decent profit from stock market.
So again new question is How to select and time stocks?
No matter how good trader or investor you are still one has to rely on market research. Only technical and fundamental research helps, speculation is not worth and no one can earn regular profit by speculations.
Regards
SHARETIPSINFO TEAM
Posted by:sharetipsinfo
- 02 Jan, 2011
Beautiful and dress selection, please go to Dresses
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